SANDRIDGE ENERGY, INC. ANNOUNCES FINANCIAL AND OPERATING RESULTS FOR THE QUARTER AND YEAR ENDED DECEMBER 31, 2025, $0.12 PER SHARE CASH DIVIDEND, AND 2026 GUIDANCE

Core Insights - SandRidge Energy, Inc. reported strong financial and operational results for the year ended December 31, 2025, with a net income of $70.2 million, or $1.90 per share, and an adjusted EBITDA of $101.1 million [1][4][6] - The company declared a cash dividend of $0.12 per share, payable on March 31, 2026, to stockholders of record on March 20, 2026 [1][2] - The 2026 guidance includes plans to drill ten new wells and complete eight, continuing the one-rig Cherokee development program [1][3] Financial Performance - For Q4 2025, net income was $21.6 million, or $0.59 per share, compared to $17.6 million, or $0.47 per share in Q4 2024, reflecting a 15% increase [1][6] - Adjusted net income for Q4 2025 was $12.5 million, or $0.34 per share, consistent with Q4 2024 [1][6] - Total revenues for 2025 were $156.4 million, up from $125.3 million in 2024, driven by increased production and higher oil prices [4][6] Operational Highlights - Production averaged 18.5 MBoe per day in 2025, a 12% increase on a Boe basis and a 32% increase in oil production compared to 2024 [1][3] - The company achieved a record of over four years without a recordable safety incident [1][2] - The average realized oil price per barrel in Q4 2025 was $57.56, down from $71.44 in Q4 2024 [3][4] Capital Expenditures and Guidance - Total capital expenditures for 2025 were approximately $69 million, with guidance for 2026 set at $76 to $97 million [3][4] - The company plans to allocate $62 to $80 million for drilling and completions in 2026 [3][4] - The 2026 production guidance estimates total production between 6.4 to 7.7 million Boe, with oil production projected at 1.2 to 1.7 million barrels [3][4] Liquidity and Capital Structure - As of December 31, 2025, SandRidge had $112.3 million in cash and cash equivalents, with no outstanding debt [2][4] - The company repurchased 0.6 million shares for $6.4 million during 2025, with a remaining repurchase authorization of $68.3 million [2][4] Environmental, Social, and Governance (ESG) Initiatives - SandRidge emphasizes its commitment to ESG practices, including no routine flaring of natural gas and using pipelines for over 90% of produced water transport [2][5] - The company has implemented measures to reduce emissions and enhance operational efficiency, including the use of electric power at well sites [2][5]